Investec Bank Limited
 (Incorporated in the Republic of South Africa)
 (Registration number: 1969/004763/06)
 Issuer code: BIINLP
 LEI No: 549300RH5FFHO48FXT69

New Financial Instrument Listing Announcement – IVC237

Application has been made to the JSE Limited (“JSE”) for the listing of R100,000,000 (one hundred
million Rand) senior unsecured floating rate credit linked Notes (stock code IVC237), under Investec
Bank Limited’s Credit Linked Note Programme dated 17 March 2021.

The IVC237 Notes will be issued to Noteholders on the date of listing being with effect from
28 December 2022 commencement of trade.

Salient features of the IVC237 Notes are listed below:

Issuer                                                       Investec Bank Limited

Principal Amount                                             R1,000,000 per Note on the Issue Date

Instrument                                                   Senior unsecured credit linked Notes

Issue Date                                                   28 December 2022

Nominal Amount per Note                                      R1,000,000

Interest Rate                                                ZAR-JIBAR-SAFEX           with        a
                                                             Designated Maturity of 3 months plus a
                                                             margin of 2.65% (two point six five);


Scheduled Maturity Date                                      20 December 2027

Optional Redemption Date (Call)                              N/A


Issue price per Note                                         100%

Final Redemption Amount per Note                             The outstanding Principal Amount per
                                                             Note (plus accrued unpaid interest, if
                                                             any, to the Scheduled Maturity Date)

Interest Commencement Date                                   Issue Date

Books Close Period                                          The Register will be closed from
                                                            11 December to 20 December,
                                                            11 March to 20 March, 11 June to
                                                            20 June and 11 September to
                                                            20 September (all dates inclusive) in
                                                            each year until the Applicable
                                                          Redemption Date, or 10 (ten) days prior
                                                          and including any Payment Day


Last Day to Register                                      10 December, 10 March, 10 June and
                                                          10 September in each year, or if such
                                                          day is not a Business Day, the Business
                                                          Day before each Books Closed Period,
                                                          or the last Business Day immediately
                                                          preceding the commencement of the
                                                          Books Closed Period

Interest Payment Dates                                    means 20 December, 20 March, 20 June
                                                          and 20 September of each calendar year
                                                          or, if such day is not a Business Day, the
                                                          Business Day on which interest will be
                                                          paid, as determined in accordance with
                                                          the      applicable      Business    Day
                                                          Convention (as specified in the
                                                          Applicable Pricing Supplement), with
                                                          the first Interest Payment Date being
                                                          20 March 2023


Business Day Convention                                   Following Business Day

JSE Stock Code                                            IVC237

ISIN                                                      ZAG000193004


Aggregate Nominal Amount of Notes Outstanding             ZAR10,072,104,752      (ten   billion
under the Programme after this issuance                   seventy two million one hundred and
                                                          four thousand seven hundred and fifty
                                                          two Rand).


The Pricing Supplement does not contain any additional
terms and conditions or changes to the terms and
conditions as contained in the Programme
Memorandum.

Investors should study the Applicable Pricing
Supplement for full details of the terms and conditions
applicable to these Notes.


Date: 22 December 2022
Debt Sponsor:
Investec Bank Limited
Bongani.Ntuli@investec.co.za